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UK adds Pakistan to 21 high-risk states list

The UK government has added Pakistan to the list of undesirable 21 high-risk countries with unsatisfactory money laundering and terrorist financing controls. This list of 21 countries — released by the UK Government — replicates the list of countries named by the Financial Action Task Force (FATF) as high-risk or… Read More

U.N. monitors backtrack on Yemen money-laundering accusations – document

Independent U.N. sanctions monitors have withdrawn accusations against Yemen’s government of money-laundering and corruption that they said “adversely affected” access to food supplies in a country on the brink of famine, a document showed. The experts had said in an annual report to the U.N. Security Council that Yemen’s central… Read More

French Draft Law Is a Warning to Corrupt Leaders

France may soon join just a handful of countries, including the United States and Switzerland, with far-reaching legislation aimed to repatriate confiscated stolen assets to their countries of origin. A luxury townhouse on Avenue Foch — one of Paris’ chicest addresses — is caught up in a yearslong legal battle… Read More

8th February 2021

Yemen government appoints Ernst & Young to audit central bank

Yemen’s government has appointed Ernst & Young to audit its central bank accounts, a statement from the prime minister’s office said on Sunday, in response to accusations by United Nations officials that it laundered Saudi money. The audit will include internal supervision and control, as well as a review of… Read More

28th January 2021

U.N. report accuses Yemen government of money-laundering

Independent U.N. sanctions monitors accused Yemen’s government, in a report seen by Reuters on Tuesday, of money-laundering and corruption “that adversely affected access to adequate food supplies” and said the Houthi group collected at least $1.8 billion in state revenue in 2019 to help fund its war effort. The annual… Read More

26th January 2021

Biden administration suspends some sanctions on Yemen rebels

AP — The Biden administration on Monday suspended some of the terrorism sanctions that former Secretary of State Mike Pompeo imposed on Yemen’s Houthi rebels in his waning days in office. The Treasury Department said it would exempt certain transactions involving the Houthis from sanctions resulting… Read More

11th January 2021

U.S. to designate Yemen’s Houthi movement as foreign terror group as soon as Monday

The United States plans to designate Yemen’s Houthi movement as a foreign terrorist organization, three sources familiar with the matter said, a move that diplomats and aid groups worry could threaten peace talks and complicate efforts to combat the world’s largest humanitarian crisis. The decision to blacklist the Iran-aligned group,… Read More

2nd November 2020

For working to support global justice, I could face U.S. sanctions

As a law professor, I have devoted my professional life to teaching about, advocating for, and advancing justice with regard to war crimes and crimes against humanity. Now, my dual Canadian-U.S. citizenship has made me a special target for the Trump administration’s efforts to undermine the quest for global justice. Read More

30th October 2020

Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body

Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More

26th October 2020

How an irrepressible Serbian arms dealer found a conduit to Saudi Arabia through Qatar

By Lawrence Marzouk and Stevan Dojčinović, OCCRP, 23 October 2020 OCCRP – A Cypriot shell firm accused of funnelling bribes on behalf of a notorious Serbian weapons dealer deposited $1.7 million into a secretive trust fund set up for a prominent Saudi, leaked bank records show. That fund’s Qatari… Read More

18th September 2020

Suspected arms dealers moved millions in Somali money transfers, report says

Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, according to a report seen by Reuters. The findings by a Geneva-based research group, the Global Initiative Against Transnational Organized Crime,… Read More

2nd September 2020

2 Saudi royals, others officials investigated for fraud

AP – Saudi Arabia’s top military commander in its yearslong war in Yemen and his prince son have been removed from their posts along with other officials as part of an anti-corruption investigation, the kingdom said early Tuesday. The announcement attributed the actions to a referral by Saudi Crown… Read More

4th May 2020

U.S. sanctions Iranian-Iraqi businessman over support of Iran’s Quds Force

The United States on Friday imposed sanctions on an Iranian-Iraqi businessman and his mining company, accusing him of involvement in efforts by Iran’s elite Quds Force to generate revenue illegally and smuggle weapons abroad, the U.S. Treasury Department said. Amir Dianat has supported Quds Force smuggling operations for years, including… Read More

Must Read

Turkey probes cryptocurrency exchange for possible $2B fraud

Treasury deputy chief says reviewing costs, benefits of U.S. sanctions

Credit Suisse’s Prime Unit Risk Chief Had Been Archegos Salesman

Fifth of UK Covid contracts ‘raised red flags for possible corruption’

Chairman, directors among four people arrested in crackdown on syndicate tied to fraud